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Rising food cost may push August retail inflation to 5-month high: Reuters poll

But rising price to complicate RBI's policy path as economic growth cooled to a three-year low in Q2

Reuters  |  Bengaluru 

India's retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI) to cut interest rates again after poor growth data. Consumer prices were forecast up at 3.20 per cent in August from a year ago, jumping from July's 2.36 per cent, according to the poll taken September 5-8 of nearly 40 economists. Forecasts for the data, scheduled to be released on September 12 at 1200 GMT, ranged from 2.50 per cent to 3.55 per cent. If the consensus is ...

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First Published: Mon, September 11 2017. 13:50 IST